BancABC Botswana secures P400m funding

Friday, March 10, 2017

BancABC will use the funds to support small businesses

BancABC Botswana this week secured a $40 million (about P400 million) debt facility to speed up digital finance services as well as expand funding to small businesses.

Sourced from USA’s Overseas Private Investment Corporation (OPIC), the loan was arranged by BancABC parent company, Atlas Mara.

The funding is part of the $200 million multi-country facility that OPIC approved for Atlas Mara’s banks in Botswana, Zambia and Mozambique in August 2015.

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